TSXV:PQE

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Petroteq Energy

Executive Summary

Petroteq Energy Inc., through its subsidiaries, engages in the oil sands mining and oil extraction operations in the United States.


Snowflake Analysis

Adequate balance sheet and overvalued.

Share Price & News

How has Petroteq Energy's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PQE's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

12.5%

PQE

7.9%

CA Oil and Gas

4.1%

CA Market


1 Year Return

-85.9%

PQE

-21.0%

CA Oil and Gas

-8.5%

CA Market

Return vs Industry: PQE underperformed the Canadian Oil and Gas industry which returned -20.7% over the past year.

Return vs Market: PQE underperformed the Canadian Market which returned -8.6% over the past year.


Shareholder returns

PQEIndustryMarket
7 Day12.5%7.9%4.1%
30 Day-40.0%11.4%7.8%
90 Day-50.0%-11.1%-3.3%
1 Year-85.9%-85.9%-16.8%-21.0%-5.3%-8.5%
3 Year-96.5%-96.5%-22.0%-31.3%3.7%-6.0%
5 Year-99.8%-99.8%-25.2%-37.5%21.5%3.6%

Price Volatility Vs. Market

How volatile is Petroteq Energy's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Petroteq Energy undervalued compared to its fair value and its price relative to the market?

0.12x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate PQE's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate PQE's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: PQE is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.

PE vs Market: PQE is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PQE's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PQE is good value based on its PB Ratio (0.1x) compared to the CA Oil and Gas industry average (0.7x).


Next Steps

Future Growth

How is Petroteq Energy forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

48.8%

Forecasted Energy industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Petroteq Energy has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Petroteq Energy performed over the past 5 years?

-23.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PQE is currently unprofitable.

Growing Profit Margin: PQE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PQE is unprofitable, and losses have increased over the past 5 years at a rate of -23.3% per year.

Accelerating Growth: Unable to compare PQE's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PQE is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-16.2%).


Return on Equity

High ROE: PQE has a negative Return on Equity (-24.12%), as it is currently unprofitable.


Next Steps

Financial Health

How is Petroteq Energy's financial position?


Financial Position Analysis

Short Term Liabilities: PQE's short term assets ($2.8M) do not cover its short term liabilities ($14.9M).

Long Term Liabilities: PQE's short term assets ($2.8M) do not cover its long term liabilities ($3.7M).


Debt to Equity History and Analysis

Debt Level: PQE's debt to equity ratio (16.6%) is considered satisfactory.

Reducing Debt: PQE's debt to equity ratio has reduced from 8073.9% to 16.6% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: PQE has sufficient cash runway for 0 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: PQE is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.


Next Steps

Dividend

What is Petroteq Energy's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate PQE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate PQE's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if PQE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PQE's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: PQE is not paying a notable dividend for the Canadian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PQE's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.8yrs

Average management tenure


CEO

Alex Blyumkin (47yo)

0.25

Tenure

US$286,000

Compensation

Mr. Aleksandr Blyumkin, also known as Alex, serves as Interim Chief Executive officer at Petroteq Energy Inc. since March 31, 2020. He is Co-Founder of Petroteq Energy Inc. (also known as MCW Energy Group  ...


CEO Compensation Analysis

Compensation vs Market: Alex's total compensation ($USD286.00K) is above average for companies of similar size in the Canadian market ($USD163.24K).

Compensation vs Earnings: Alex's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Aleksandr Blyumkin
Co-Founder0.25yrUS$286.00k4% $365.3k
Mark Korb
Chief Financial Officer5.83yrsUS$90.00k0.0034% $314.3
Vladimir Podlipskiy
Chief Technology Officer9.08yrsUS$258.04k0.0081% $739.2
Paul Davey
Director of Communicationsno datano datano data
Donald Clark
Chief Geologistno datano datano data
Robert Grossman
Corporate Secretaryno datano datano data
Joseph Abrams
Financial Advisor & Member of Board of Advisorsno datano datano data

5.8yrs

Average Tenure

49yo

Average Age

Experienced Management: PQE's management team is seasoned and experienced (5.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Aleksandr Blyumkin
Co-Founder0.25yrUS$286.00k4% $365.3k
Joseph Abrams
Financial Advisor & Member of Board of Advisorsno datano datano data
George Stapleton
Member of Advisory Board1.42yrsno datano data
Raymond Bailey
Non-Executive Director7.67yrsUS$333.25k0.080% $7.3k
Robert Dennewald
Independent Director5.17yrsUS$213.25k0.14% $13.0k
James Fuller
Director0.25yrno data0.0097% $887.2
Mark Rollins
Member of Advisory Board0.58yrno datano data
Heriberto Gonzalez
Member of Advisory Board0.92yrno datano data
Keith Lapeze
Member of Advisory Board1.08yrsno datano data

1.3yrs

Average Tenure

65yo

Average Age

Experienced Board: PQE's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 55.1%.


Top Shareholders

Company Information

Petroteq Energy Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Petroteq Energy Inc.
  • Ticker: PQE
  • Exchange: TSXV
  • Founded:
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: CA$9.137m
  • Shares outstanding: 203.04m
  • Website: https://www.petroteq.energy

Location

  • Petroteq Energy Inc.
  • 15165 Ventura Boulevard
  • Suite 120
  • Sherman Oaks
  • California
  • 91403
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
A2DYWCDB (Deutsche Boerse AG)COM NPVDEEURNo data
PQETSXV (TSX Venture Exchange)YesNew Common StockCACADOct 2012
PQEF.FOTCPK (Pink Sheets LLC)YesNew Common StockUSUSDOct 2012
PQCFDB (Deutsche Boerse AG)YesNew Common StockDEEUROct 2012

Biography

Petroteq Energy Inc., through its subsidiaries, engages in the oil sands mining and oil extraction operations in the United States. It holds rights to mine, extract, and produce oil and associated hydrocarbons and minerals from oil sands containing heavy oil and bitumen under mineral leases covering approximately 2,541.76 acres in the Asphalt Ridge area of Utah. The company also has operating rights under five U.S. federal oil and gas leases covering approximately 5,960 acres situated in Uintah, Wayne, and Garfield counties, Utah. In addition, it is developing a blockchain-powered supply chain management platform for the oil and gas industry. The company was formerly known as MCW Energy Group Limited and changed its name to Petroteq Energy Inc. in May 2017. Petroteq Energy Inc. is based in Sherman Oaks, California. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/06 05:19
End of Day Share Price2020/06/05 00:00
Earnings2020/02/29
Annual Earnings2019/08/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.